Mesirow Financial holds final close
Mesirow Financial Real Estate Value Fund II held a final close on June 1 with a capital raise in excess its $500 million fundraising goal. The fund, which opened in September 2013, has raised $542.45 million, according to a filing with the SEC. The fund will invest across the United States, with 35 percent invested in the West, 10 percent in the Midwest, 35 percent in the East and 20 percent in the South. The fund also splits investments between joint venture development (20 percent) and value-added acquisitions (80 percent). Earlier this year, the Retirement Plan for Chicago Transit Authority Employees committed $25 million to the fund.